ESMA, the securities markets regulator in EU, has confirmed that different elements of the new regime under the Securitization Regulation will come into force on September 23, 2020. On 4 September 2020, the European Securities and Markets Authority (ESMA) issued a statement confirming that different elements of the new regime under the Securitisation Regulation will come into force on 23 September 2020.The statement follows the publication of seven technical standards implementing the Securitisation Regulation in the Official Journal of the EU. Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe. a regulation on securitisation that will apply to all securitisation products and include due diligence, ... 24 July 2020 Financial Stability, Financial Services and Capital Markets Union. Several implementing and delegated regulations of EC have been published in the Official Journal of the European Union, as part of the securitization framework in EU. In August 2020, ESMA had updated the XML schema version 1.2.0, along with the associated reporting instructions, for templates set out in the technical standards on disclosure requirements under the Securitization Regulation. #MobileRightColumnContainerE606C799DE50411EA1A0827D375551BB .subheading, #RightColumnContainerE606C799DE50411EA1A0827D375551BB .subheading {display: none;}. In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans. 20 April 2020 The EU Securitisation Regulation – Status of Secondary Legislation and Guidelines INTRODUCTION Regulation (EU) 2017/24021 (the “Securitisation Regulation”) has now been in effect for over fifteen months. Although the EU Securitisation Regulation (the Regulation) has been in force since 1 January 2019, the delayed adoption and implementation of the Delegated Regulations and Regulatory Technical Standards and the absence of meaningful regulatory guidance have created challenges for market participants in implementing the requirements. REGULATION (EU) 2020/873 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL. HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong. EC Finalizes Several Regulations Under Securitization Framework in EU. Although the EU Securitisation Regulation (the Regulation) has been in force since 1 January 2019, the delayed adoption and implementation of the Delegated Regulations and Regulatory Technical Standards and the absence of meaningful regulatory guidance have created challenges for market participants in implementing the requirements. Commission Delegated Regulation (EU) 2020/1732 Show full title. These disclosure templates will also enter into force on September 23, 2020 and must as of that date be used to make any new information available about a securitization, in accordance with Article 7 of the Securitization Regulation. Additional guidance on how to fill in the disclosure templates can be found in the ESMA questions and answers (Q&A) on securitization topics. Commission Delegated Regulation (EU) 2020/1732 of 18 September 2020 supplementing Regulation (EU) 2017/2402 of the European Parliament and of the Council with regard to fees charged by the European Securities and Markets Authority to securitisation repositories (Text with EEA relevance) In August 2020, ESMA had updated the XML schema version 1.2.0, along with the associated reporting instructions, for templates set out in the technical standards on disclosure requirements under the Securitization Regulation. The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of IASB, have announced the appointment of Dr. Andreas Barckow as the IASB Chair, effective July 2021. As part of its broader response to facilitate economic recovery from the COVID-19 pandemic, the European Commission, on 24 July 2020 and as part of its Capital Markets Recovery Package, published a legislative proposal (the “Commission Proposal”) to amend Regulation (EU) 2017/2402 (the “Securitisation Regulation”). EUROPEAN COMMISSION Brussels, 24.7.2020 COM(2020) 282 final 2020/0151 (COD) Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Regulation (EU) 2017/2402 laying down a general framework for securitisation and creating a specific framework for simple, transparent and FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions. Pension Fund Investment & Risk Management, Current Expected Credit Loss Model (CECL), Internal Capital Adequacy Assessment Program (ICAAP), Simplified Supervisory Formula Approach (S)SFA, LEARN MORE ABOUT VIRTUAL CLASSROOM COURSES, PRA Finalizes Reporting and Rulebook Changes for CRR and Solvency II, AMF Revises Guidelines on Treatment of Deferred Loans Amid COVID-19, EBA Analyzes Impact of Unwind Mechanism of Liquidity Coverage Ratio, ECB Outlines Views on Possible Changes to AnaCredit Rule and TLTROs, IASB Begins First Phase of Post-Implementation Review of IFRS 9, FSB Report Examines Progress in Resolvability of Systemic Institutions, EBA Benchmarks National Insolvency Frameworks Across EU, FSB Reports Assess Impact of Pandemic on Financial Stability, RBNZ Consults on Implementation of Capital Review Changes, IASB Announces Andreas Barckow as the New Chair from July 2021, HKMA Consults on Capital Rules for Bank Equity Investments in Funds, ESRB Supports Extension of Macro-Prudential Measure by Swedish FSA, The Commission Delegated Regulation 2020/1224 supplementing EU Regulation 2017/2402 with regard to regulatory technical standards specifying the information and the details of a securitization to be made available by the originator, sponsor, and securitization special purpose entity (SSPE), The Commission Implementing Regulation 2020/1225 laying down implementing technical standards with regard to the format and standardized templates for making available the information and details of a securitization by the originator, sponsor, and SSPE, The Commission Delegated Regulation 2020/1226 supplementing EU Regulation 2017/2402 and laying down regulatory technical standards specifying the information to be provided in accordance with the Simple, Transparent and Standardized (STS) notification requirements, The Commission Implementing Regulation 2020/1227 laying down implementing technical standards with regard to templates for the provision of information in accordance with the STS notification requirements, The Commission Implementing Regulation 2020/1228 laying down implementing technical standards with regard to the format of applications for registration as a securitization repository or for extension of a registration of a trade repository pursuant to EU Regulation 2017/2402, The Commission Delegated Regulation 2020/1229 supplementing EU Regulation 2017/2402 with regard to regulatory technical standards on securitization repository operational standards for data collection, aggregation, comparison, access, and verification of completeness and consistency, The Commission Delegated Regulation 2020/1230 supplementing EU Regulation 2017/2402 with regard to regulatory technical standards specifying the details of the application for registration of a securitization repository and the details of the simplified application for an extension of registration of a trade repository.